Renzo Protocol Controversy: ezETH Lost Peg, Airdrop Sparks Heated Debates
Thursday, 25 April 2024, 06:10
EzETH Depeg and Liquidations
Renzos's ezETH suffered a depeg from Ether following a controversial airdrop, resulting in liquidations across leveraged protocols.
Raise of Community Concerns
The incident raised concerns among the community regarding risks associated with depegging and airdrops.
- Large-scale ezETH sell-off occurred following Renzo Protocol's airdrop.
- Increased liquidations in leveraged protocols such as Gearbox and Morpho Labs.
Tommy, from Crypto.com Capital, highlighted the importance of awareness regarding depeg risks.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.